Hurricane Joaquin insured losses News

South Carolina Insurance Head Talks Lessons Learned After Historic Flood

South Carolina’s coastal property insurance market is strong, but the state’s significant catastrophe risk remains an ongoing threat and not one that should be taken lightly. That is the message South Carolina Insurance Director Raymond Farmer hopes to get across …

Southeast Storm Update: Significant Auto Losses Expected

Claims are already starting to trickle in from the major storm that hit South Carolina over the weekend and that is now causing additional flooding problems in North Carolina. According to State Farm Spokesman Justin Tomczak, the insurer had received …

South Carolina Insurance Director: Insurers Ready for Claims from ‘Devastating’ Storm

The insurance industry is bracing itself for an expected onslaught of claims in the wake of what South Carolina officials are calling a 1 in 1,000 year storm. “This is an extremely devastating event,” said South Carolina Director of Insurance …

Insured Losses From Joaquin Might Be Minimal at This Juncture: Macquarie

While still a major hurricane that turned into a Category 4 Thursday above the Bahamas, the estimated track for Hurricane Joaquin has continued to track further east of the U.S. in recent estimates. If the latest forecast holds, that could …